Huntsman (HUN +3.2%) is upgraded to Buy from Hold at Citigroup, which believes lower TiO2 prices...

|About: Huntsman Corporation (HUN)|By:, SA News Editor

Huntsman (HUN +3.2%) is upgraded to Buy from Hold at Citigroup, which believes lower TiO2 prices have been factored into HUN shares. The firm credits management for being the first to call out weakness in TiO2 amid destocking and margin pressure from the expiration of legacy annual titanium ore price contracts. The upgrade is targeted to patient investors willing to wait out the TiO2 destocking cycle.